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Organised every 4 years, the Games bring together 80 Francophone States from around the whole world, united in favour of youth and diversity. Luxembourg has been present at all the editions of the Games since their inception - in 1989 in Morocco - and has already won 15 medals (5 silver and 10 bronze).
In 2016 the national insurance sector had a record year, increasing its net profit after tax to €1,808 billion, a considerable rise of 45.7% compared to the previous financial year. This result far exceeds the previous record set in 2012. This strong performance can be attributed to non-life insurance and reinsurance which are both progressing at very fast rates of +53.78% and +55.91%.
At the end of June 2017, the Minister of Cooperation and Humanitarian Action presented the 2016 annual report. The latter provides detailed information on the use of Luxembourg official development assistance (ODA) allocations and the Fonds de la coopération au développement - FCD (Development Cooperation Fund).
On 1st January 2017, Luxembourg had 590,667 inhabitants, 48% of whom were non-Luxembourgers. Compared to the previous year, the population increased by 11,159 people, thanks to positive net migration (arrivals – departures) of 9,446 people and a positive natural balance (births – deaths) of 2,083 people. With 48% foreign nationals of some 170 different nationalities, the Grand Duchy has the highest ratio of foreign nationals in its population of all the OECD countries.
On 10 July 2017, the State Secretary for the Economy, Francine Closener, presented prizes to the 40 winners of the 'Let'z Go Cycling' photo competition on Place Guillaume II in Luxembourg City. Launched to celebrate the Tour de France 2017 passing through Luxembourg and to mark the opening of the tourism season on 14 April 2017, the 'Let'z Go Cycling' photo competition called on all cyclists and cycling fans to share their love of cycling, by sending in a photo of them with their bike in one of their favourite places in the Grand Duchy. Internet users were then asked to vote by liking one or several photos in the gallery published on www.letzgocycling.lu
The Digital Tech Fund, a Luxembourg-based seed fund, is supporting two innovative young companies by making a €500,000 investment in each. Over 2,000 applications were received in the space of just one year, and more than 200 were seriously considered for their investment potential. In the end, two foreign companies were selected: itravel and Nektria.
From 15 July to 3 September 2017, the Grand Ducal Palace will be opening its doors to the public. The palace is one of the capital's main tourist attractions, with more than 10,000 visitors each year.
Startups are a vital driver for the development of a country's economy, the creation of new jobs and the promotion of innovation. According to a report by the Idea Foundation, the number of new companies has grown steadily in Luxembourg from 2003 to 2014.